MCX cotton up 1% tracking gains in ICE cotton.

Futures contracts of cotton on the MCX rose nearly 1% taking cues from gains in benchmark contracts on the ICE. Global cotton prices rise due to rising concern over damage to crop in the US caused due to hurricane Nate. However, increasing arrivals of new crop in domestic markets and expectations of a bumper crop in 2017-18 (Oct-Sep) have restricted any further gains in cotton prices